According to market researchÂ report "Cockpit Voice (Black Box), Towed Pinger Locator, Distress Radio Beacons, Flight Data Recorder MarketÂ by Application( Commercial, Military, UAV's) by Geography( North America, Latin America, The Middle East, APAC, and Europe)- Forecast and Analysis to 2014 - 2020"Â by MarketsandMarkets, The cockpit voice recorder and flight data recorder market is expected to be at $136.74 Million in 2014 and is expected to register a CAGR of 3.22% to reach $166.08 Million by 2020.

This report offers a market analysis of the Cockpit Voice Recorder and Flight Data Recorder Market over the next six years. It offers insights on an overview of the market drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in the cockpit voice recorder and flight data recorder. It tracks, analyzes, and lays out, the market size of the major spenders in each region .The report also evaluates the market share of cockpit voice recorder, flight data recorder, distress radio beacon, and towed pinger locator through procurement, integration, and maintenance.It provides information of the leading competitors in the cockpit voice recorder and flight data recorder market.

It also provides details on their financial positions, key products, their unique selling points, and key developments. This research report also segments the market on the basis of application, region, country, forecasting revenues, market share, and analyzing trends in each of the sub-sectors.

The market will unlock the growth potential in avionics, as everything from flight control inputs, throttle movement, speed and altitude; to GPS location, engine RPM, oil pressure, and system warnings have been captured. International and domestic carriers will continue to demand more airplanes, owing to improved technology and expansion in Asia. With newer airplanes, and more data voice recorders manufactured by the industry will be in higher demand.

A competitive landscape to identify key players and their market share has also been described in this report. Strategic profiling of key players of the cockpit voice recorder and flight data recordermarket, along with a comprehensive analysis of their recent developments, investments, and core competencies in each segment have been identified.

The major players in this market include Universal Avionics, L-3 Aviation Recorders, Teledyne Controls, Honeywell Aerospace, and Techtest.

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.